Online payment fraud set to grow over the next four years
Fraud is nothing new on the internet. From phishing scams to ransomware, we've seen it all. However, the fastest growing part of this dark market seems to be online retail payment fraud. There's a lot of money to be made in this segment of the economy.
According to a new report, online retail fraud accounted for a whopping $10.7 billion in 2015, but, even worse, it's an up and coming thing. Juniper Research claims it could grow as high as $25.6 billion by the year 2020.
Think Privacy CEO launches site to name publishers who illegally detect and circumvent adblockers
Adblockers are, have been, and will continue to be a matter of some controversy. While sites rely on ad income to stay afloat, users are understandably irked by a barrage of flashy commercials and are increasingly turning to adblocking. To fight back, some sites are using various methods to detect the presence of an adblocker and then bypassing it.
This, in turn, upsets people once again, and the CEO of privacy and security consortium Think Privacy, Alexander Hanff, has come up with a solution. To fight back he has set up a website that names and shames those sites that "use illegal methods to detect that you are using an adblocker".
Bitcoin creator Satoshi Nakamoto revealed to be Australian entrepreneur Craig Wright
For some time, the person who created the cryptocurrency Bitcoin has been known as Satoshi Nakamoto. We know that was nothing more than a pseudonym, and now Australian entrepreneur Craig Wright has revealed that he is the man behind the mask.
It brings to an end years of speculation about the inventor's real identity, and Wright has been able to provide technical proof to the BBC to back up his claims. The IT and security consultant's home was raided in recent days as part of an investigation by the Australian Tax Office, and documents leaked from the inquiries pointed towards Wright. He has now confirmed his identity.
Facebook Messenger to gain privacy-enhancing self-destructing messages
With the ongoing debate about privacy and encryption, the rollout of end-to-end encryption to Facebook-owned WhatsApp came as little surprise. Now Facebook Messenger is set to gain a couple of privacy-enhancing features including self-destructing messages.
Already found in other messaging tools such as SnapChat and Telegram, self-destructing messages have been unearthed in Messenger for iOS version 68.0. As you would expect, the feature makes it possible to place a time limit on how long messages are visible for, making it ideal for communicating sensitive information.
Fitbit's Aria internet-connected scale can be hacked
These days more and more items around our homes are connected to the internet. In theory, this sounds like a great idea, and it can be -- providing it is implemented correctly, meaning in a secure way. In practice, however, that isn't always the case. We've seen endless stories of what can go wrong, even Barbie dolls turned bad.
Scales are probably one of the last things you'd expect to be connected. Actually, though, that innovation came several years ago with a scale that tweeted your weight -- a great way of shaming you into continuing that diet and exercise program.
Qbot malware resurfaces with renewed powers ready to steal your banking credentials
Qbot -- also known as Qakbot -- is a form of malware that's been around for a number of years, but security researchers at Cisco Talos have noted that it has returned with a vengeance. Once installed the malware steals sensitive data stored in files and cookies, and also monitors live web sessions to grab login credentials.
Detection and immunization is made difficult thanks to the fact that Qbot uses random strings, code blocks, file names and encryption keys to slip under the radar, although it can still be detected by its behavior. Cisco Talos analyzed no fewer than 618 examples of the malware; Qbot was found to feature its own auto-update function and it appears that developers have been hard at work on it.
Microsoft takes just 7 hours to patch colossal Office 365 vulnerability that exposed companies' data
Companies are often criticized for the length of time it takes them to patch security problems found in software. But this week Microsoft exceled itself, taking just 7 hours to patch a serious security hole in Office 365 that made it possible to gain unrestricted access to businesses' cloud accounts.
A problem with the SAML authentication system meant that it was possible to gain access to just about any Office 365 account, including accessing connected services like Outlook, OneDrive and Skype for Business. More than this, the exploit allowed an attacker to infiltrate companies and organizations such as Verizon, Georgia State University and British Airways who use Office 365. The researchers who unearthed the issue have praised Microsoft for dealing with it so quickly.
Hacker creates reality TV with users' webcams
The webcam debuted long ago and has become integrated into many computer systems. People use it for any number of things, and products like Skype utilize this functionality. But the innovation has a darker side. It turns out this little add-on can be hacked, allowing the perpetrator to view the user.
A hacker in Russia took this to a higher level by not only accessing people's cameras, but broadcasting the video online, right on YouTube.
85 percent of people won't pay ransoms to recover data
As we've seen in recent reports, ransomware is an increasingly big problem. But how much do people know about it and methods to protect themselves?
Security researchers at ESET surveyed over 3,000 people across the US and Canada to gauge their understanding of ransomware and unearthed some interesting findings.
Waze vulnerability allows hackers to track you
Users of Google’s navigation app Waze seem to be at risk of being followed, as a vulnerability in the app could allow hackers to stalk the users of the app in real-time, a group of researchers from the University of California has found.
The researchers reverse-engineered Waze’s server code and discovered that thousands of "ghost drivers" could be created on Waze’s systems, which can monitor the real drivers around them. Hackers could even create virtual traffic jams, an exploit to track Waze users in real-time.
Human rights group Liberty rips into Snooper's Charter with video highlighting privacy issues
The Snooper's Charter -- or the Investigatory Powers Bill -- is a highly controversial piece of legislation the UK government is trying to bring into force to allow for the bulk collection of data, NSA-style. Outside of government, it is widely regarded as a massive invasion of privacy, and the human rights group Liberty is just one of the organizations that is very vocally opposed to it.
The bill will require ISPs to record customers' browsing histories for an entire year, and will permit the government to remotely hack phones and computers, as well as requiring tech companies to provide backdoor access to encrypted data. To highlight what is at stake, Liberty is running a No #SnoopersCharter campaign, and has released a video that attacks the notion of 'if you have nothing to hide, you have nothing to fear' head on.
Financial services lead the way in BYOD adoption despite security concerns
BYOD is becoming increasingly popular across all industries, but it's the financial sector that's leading the way according to a new report.
The findings come from data protection company Bitglass which surveyed more than 800 cybersecurity professionals across five major industries, including financial services, technology, healthcare, government and education.
FBI won't tell Apple how it hacked San Bernardino iPhone as it doesn't understand the technique
Apple had been hoping that the FBI would come clean about how it managed to gain access to the San Bernardino iPhone, but that's just not going to happen. The agency managed to crack the iPhone 5C at the center of the case after getting help from a third party rather than Apple.
But now the FBI has confirmed that it doesn't really know how the cracking tool works. Or, more precisely, it did not buy the rights to the technical details of the tool. After a very public battle with Apple, the FBI ultimately resorted to getting help from elsewhere, and there had been fears that the method would be classified -- now it seems it will remain secret simply because the FBI doesn't understand the tool it used.
Outdated Java, QuickTime installations on the rise in UK
UK’s citizens are getting more diligent when it comes to patching and updating their Windows-operated computers, new survey by Flexera Software’s Secunia Reports team says. QuickTime users, on the other hand, aren't as vigilant.
According to the team’s Country Reports, the number of unpatched Microsoft Windows operating systems is on the decline. At the end of the first quarter of 2016, the number sits at 6.1 percent, where last year at this same time, it was at 11.5 percent.
Malware compromises Swift system -- patch available
The Swift (Society for Worldwide Interbank Financial Telecommunication) system has apparently fallen victim to the same sophisticated hacking scheme that was used to disrupt the Bangladesh central bank last month.
The cyberattack in Bangladesh resulted in a loss of $951 million from the central bank's account at the Federal Reserve in New York and it now seems likely, thanks to new research from BAE systems, that Swift was also compromised during the attack.
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